Kesko Oyj (OTCMKTS:KKOYY) Sees Large Growth in Short Interest

Kesko Oyj (OTCMKTS:KKOYYGet Rating) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 26,100 shares, a growth of 110.5% from the March 31st total of 12,400 shares. Based on an average daily trading volume, of 45,100 shares, the days-to-cover ratio is presently 0.6 days.

Kesko Oyj stock traded down $1.15 during mid-day trading on Friday, hitting $12.44. The company had a trading volume of 5,305 shares, compared to its average volume of 7,596. The stock’s 50 day moving average price is $13.53 and its two-hundred day moving average price is $15.27. Kesko Oyj has a 12 month low of $11.35 and a 12 month high of $22.31.

The business also recently disclosed a dividend, which will be paid on Thursday, May 5th. Stockholders of record on Monday, April 11th will be issued a dividend of $0.085 per share. The ex-dividend date is Friday, April 8th. This represents a dividend yield of 1.39%.

About Kesko Oyj (Get Rating)

Kesko Oyj provides trading sector services. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade segments. The company's Grocery Trade segment is involved in the wholesale and B2B trade of groceries; and the retail sale of home and specialty goods in Finland. This segment operates approximately 1,236 K-food stores, including K-Citymarket, K-Supermarket, K-Market, and Neste K in Finland.

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